Public Management

Burkina Faso raises CFA33 billion on WAEMU securities market

Burkina Faso raises CFA33 billion on WAEMU securities market
Friday, 28 February 2020 13:26

Burkina Faso raised an amount of CFA33 billion (about $55.5 million) on the WAEMU public securities market through the issue of 6-month Treasury Bills (BATs).
At the end of this operation carried out on February 26, Burkina Faso collected CFA85.743 billion (about $144.3 million) for an initial requested amount of CFA30 billion (about $50.5 million), a remarkable coverage rate of 285.81%. This new issue brings to CFA55 billion (about $92.5 million) the total amount of funds mobilized by the country in only two operations on the market since the beginning of the year.

Burkina Faso experienced steady economic growth between 2015 and 2018. Indeed, after a deceleration in 2015 (3.9% after 4.3% in 2014), the real GDP growth rate showed a sustained level, rising from 5.9% in 2016 to 6.3% in 2017 and 6.8% in 2018, thanks to the return to normal constitutional life, favorable rainfall and enhanced investors’ interest.

According to estimates by the Burkinabe authorities, the country's GDP is expected to reach CFA8,547.2 billion (about $14.4 billion) in 2019 compared to CFA7,849.1 billion (about $13.2 billion) in 2018, representing a 6.0% growth rate in real GDP. Inflation rate is estimated at 1.9% in 2018 and is expected to be negative in 2019.
In 2020, Burkina Faso intends to raise a total of CFA540 billion (about $910 million) on the public securities market.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Cameroon inflation averages 3.1% in year to January 2026 Food prices up 6.6%, but fall 1.9% in January IMF sees inflation easing to 2.9% in...
Study finds nearly 80% of respondents in both markets already hold stablecoins Users cite faster, cheaper payments as digital dollars gain traction...
Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors with yields of 8.1% and 8.95% to smooth...
Standard Chartered Zambia raised its capital to 520 million kwachas (about $27.5 million) through a bonus share issue, without raising new...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...

Three Countries Drove 70% of Africa’s M&A Deal Value in 2025
03

Safran invests €280m to build one of the world's largest landing gear plants in Morocco, crea...

Morocco: Safran Announces $305 Million Investment to Build One of the World's Largest Landing Gear Plants
04

This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...

Weekly Health Update | Africa CDC Advances Health Sovereignty Efforts
05

South Africa will remove transmission control from Eskom and create a separate public grid operato...

South Africa accelerates Eskom reform to ease crisis and attract capital
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.